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of these companies. the bureau can now follow whether laws are being followed from credit origination to debt collection, by identifying problems and rooting them out early we're working to try to minimize consumer harm. our report also encompasses the bureau's first enforcement actions against credit card companies that deceived consumers inch some cases the companies targeted economically vulnerable consumers with low credit scores and low credit limits. we were able to secure $425 million in relief for six million consumers and imposed penalties on the company to deter such activity in the future. these actions will senior as a warning signal for anyone who seeks to profit by misleading consumers inch the second half of 2012 we tackled issues in the market for private student loan debt which currently totals $150 billion outstanding. the studies detail the struggles students and recent graduates are experiencing. together with the education secretary we made recommendations to congress on common sense reform to ensure the risky underwriting practices of the past are not repeated. the work
control act? wouldn't it be appropriate for us to know what measures have to be taken in case existing law continues to prevail? >> we are -- yes, it is. we do. for example, i noted in my testimony we will be coming up to the congress a significant package of reprogramming request, which we have worked with the congress on. >> it's one thing to have reprogramming request. it's another thing to submit a budget, overall bijt that reflects the reality of the law as it is today rather than sending us a budget that has restoration of cuts that so far there's been no movement or action to rerepeal. i think we need to know what happens if we don't repeal. it's in your interest, in my view, to give us that information as to what would happen if we just simply comply with existing law. >> well, i want to address both the points. one, we are continuing to do that, senator. and as part of marty's testimony, part of my testimony on what we are doing and explaining working with committees here in the house and the senate on we continue -- don't make the change what will be requested. for example, suppl
. they now expect more than 40 percent of the claims to be back law during either of these two years. so in revising these projections what matters did you look at and what did they -- what additional you? >> i looked at the actual submissions of receipts of claims that we have received from our veterans of the last five months. each month they have been lowered and are expected volume. >> the math works out to where you would have only a 40% backlog situation. >> no, it doesn't. i don't think that you all would throw me out of here if i said that that would happen. is now where we are. we are at about 69 percent of our plans right now that our older than 125 days, working every single day to drive that never south. we're doing it to focus on how people process technology solutions. as far as we can pushing a productivity by folks from i can tell you today that 70 percent more effective and higher productivity than they were prior to us moving into this transformation plan. >> last year he testified that during 2013 the backlog would be reduced from 60% to 40%, and that would -- and ' --
a budget at the reality is that the law as it is today rather than sending a budget that has restoration of cats that go far has been no movement or reaction to repeal. we need to know what happens if we don't repeal. it's in their interest to give the information that we just simply comply with existing law. >> we are continuing to do that, senator is part of marty's testimony, part of my testimony on what we are doing explaining working with the committees here in the house and senate what's going to be requested. for example, supplemental curb reissues. is that within the realm of what's going to be required? we don't know. i would add on the budget in one of the points made to smyrna nonmanaged, the senate and house budget resolutions for defend, essentially with basically the same numbers as our budget. not at all dismissing your questions that are real and legitimate under reality. as you know as well as anyone, this a $600 billion enterprise. this was put together of a series of the year and to readjust that and come back with new members in the budget. we are dealing with the rea
of the sequester and it's important to emphasize it is not a one-year proposition is writt into law to continue. given a list of fat and the woulit be fair to say then, riouses security risk basedt right now? >> it certainly is consuming a company intelligence community leadership for what we see happening to the capability and importantly the expectations people seem to have for our having this global insight and that is going to be very hard. if we sustain sequestration through 2021, what the law calls for, as i said in my testimony to the senate in telogen's community and a day before, we collectively have to rethink what people expect from the intelligence community because it isn't going to be the same. >> general flynn. >> i just want to emphasize is a senior leader, just to reemphasize the general clapper talked about, we are about people and we do not want to damage that vital component of our capability. the sequestration provides is no flexibility. not just this year, but over the long haul. our adversaries won't take a strategic pause and the real cost director clapper highlightedvwe
don't have to pay, and diplomatic protections for the egregious violations of law. you can't take it to criminal court, but to the table to negotiate with those who tell you we're the only people, we, the jewish people, with rights in this land. these cold, hard realities of how u.s. policy grievancely harms palestinians are screened from the u.s. public. we bombarded, especially on television, instead, with dishonest rhetoric what is described as progress in a so-called peace process which extensively consistented of negotiations between near equals under the impartial gays of an honest american broker, all supposedly intended to create an independent palestinian state. i'm arguing that this is not what is actually happening. this is not what has happened for 35 years. what has happened is the continuation and the intensification and the reenforcement of the dispersal of the organization and colonization of the pal stippian people and their homeland. the united states, in fact, has never really operated as an honest broker between the palestinians and israel. i never talked to an
that we all have given through congress. i don't know what the law is spent we will make a request on that and appreciate your follow up on it. we go now to karen bass of california. >> thank you, mr. chair. i want to congratulate secretary kerry on your appointment, and also join my colleagues in expressing my condolences. >> thank you. >> i look forward to working with you, and especially working with the committed men and women at the state department. i have to tell you that i've really enjoyed working directly with the state department and i'm honored to have an excellent pearson fell in my office who i am looking forward to continuing to work with me. as the ranking member of the african subcommittee all wanted to share with you several priority issues i hope you will consider. first of all come u.s.-africa trade relations. number two, the importance of development assistance programs, including global hiv/aids funding through pepfar. number three, support for peacekeeping operations. as you know the u.n. is considering establishing a peacekeeping force and mali and there's a
of retirement and health care benefits is consistent with what is required by the federal law of ups, federal express and every other almost every other corporation in the country it would be very similar. >> it could be different from what the private sector companies are doing. i would like to know, i would like to make that available to the postal employees that i represent throughout the country. >> you are correct but it's not the same for health care benefits. i will provide a more detailed record. >> you are saying the postal service now is operating at 140% of current revenue; is that the number you gave? >> drm laes, unfunded liabilities. >> bankruptcy would probably be where they are. >> finally let me go to something completely unrelated. you testified he wanted more flexibility in their rates in respect to packaging the monopoly on first-class they would have it facto monopoly on the third clause catalogs and what people would refer to as door hangers and nobody has the reach you do. how do you give that flexibility without giving you the power to do sweetheart deals and take the
in cleveland working for a law firm, and this next call comes from bobby in ohio. >> caller: i've got a question for you in regards to the comment you made about rg 3:and the article about him being called an uncle tom. why would you state that person saying that would be republican? wouldn't democrats actually sometimes have feelings like that? i'm a republican, and i don't feel that way towards rg iii, so i'm just curious why you would say that. >> guest: you either misunderstood what i said, or i said it badly. what i said was the espn guy criticized rg iii because he thought he was republican. he said there's a rumor he's republican, i don't know about that. he's got a white fiancee, i don't know about that. he called him a cornball brother because he suspected that rg iii was a republican, but he had a white fiancee. that is why this caster called him a cornball brother which i think is a racist thing. so i'm sorry if i misexplained it. >> host: go ahead, bobby, you're still on the line. >> caller: i appreciate that. i agree the same way you do then. i think it's totally a racist
the country continues to supplement the growing and oppressive military capability by bolstering maritime law enforcement to support the claims south and east china sea. russia continue to resist putting more international pressure on syria or iran and display create sensitivity to missile defense. closer to home despite positive trends latin america weak ends to slow recovery from devastating natural disasters and drug-related violence and trafficking. in venezuela the presidential election occurred four days ago. officially announced result indicated candidate nicholas won in a narrow victory. so in some given the magnitude and complexity of our global responsibilities and comprehensive intelligence, in my mind, has never, more important or ursubsequent. i have trouble reconciling this of sequestration. with that i thank you for your attention and now turn to general flynn for his statement. >> thank you. good morning chairman, distinguish member of the committee. thank you for the opportunity to testify for your continued support to the dedicated intelligence professionals of the defense i
Search Results 0 to 9 of about 10

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